Makoto Uchida, President and CEO of Nissan motor corporation, Toshihiro Mibe, President and Representative Executive Officer of Honda, and Takao Kato, President and CEO of Mitsubishi Motors attend a joint press conference in Tokyo on December 23, 2024. - Japanese auto giants Honda and Nissan said Monday they aim to list a new holding company in August 2026 as the pair announced they are entering talks on a merger.
Lackluster consumer spending and stiff competition in several markets is making life hard for many automakers. Citing “dramatic changes in the environment surrounding both companies and the automotive industry,” a joint statement said the companies planned to list the holding company on the Tokyo Stock Exchange in August 2026.
Honda will nominate the president of the new holding company, whose board will be mostly made up of Honda executives, their statement said. “As the business environment for automakers changes in the future, I believe we will not be able to get there unless we have the courage to change ourselves,” Uchida said.
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